v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 52,869 $ 82,777
Inventories, net 13,621 15,255
Other current assets 4,200 2,887
Total current assets 75,703 104,887
Property, plant and equipment, net 25,478 27,556
Goodwill 8,619 8,327
Deferred tax assets 5 6
Lease assets 632 823
Intangible assets, net 4,025 804
Other long-term assets 3,481 4,008
Total assets 117,943 146,411
Current liabilities:    
Accrued liabilities 11,417 12,362
Current portion of lease liabilities 212 496
Current portion of term loan - related party, net 0 800
Total current liabilities 18,208 22,673
Long-term portion of lease liabilities 280 246
Deferred tax liabilities 166 149
Long-term portion of term loan - related party, net 76,818 74,183
Warrant liabilities 607 1,901
Total liabilities 106,022 100,383
Commitments and contingencies (Note 11)
Shareholders' equity:    
Preferred Stock, $0.0001 par value; 0 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common Stock, $0.0001 par value; 800,000 shares authorized; 206,420 shares issued and 205,412 shares outstanding as of June 30, 2026 and 204,925 shares issued and 204,309 shares outstanding as of December 31, 2025 21 20
Treasury Stock, at cost: June 30, 2026 - 1,008 shares and December 31, 2025 - 616000 shares (5,298) (4,437)
Additional paid-in-capital 354,596 351,489
Accumulated deficit (337,368) (301,027)
Accumulated other comprehensive loss (30) (17)
Total shareholders' equity 11,921 46,028
Total liabilities and shareholders' equity 117,943 146,411
Nonrelated Party    
Current assets:    
Accounts receivable, net 4,807 3,383
Current liabilities:    
Accounts payable 3,215 2,299
Other long-term liabilities 3,369 1,231
Related Party    
Current assets:    
Accounts receivable, net 206 585
Current liabilities:    
Accounts payable 3,364 6,716
Other long-term liabilities $ 6,574 $ 0